Confederate paper money was a promise to exchange the bill for gold or silver, but only after the Confederacy won the war.
The idea that Britain was giving up 'glorious individualism' to fit in with European neighbours
The agreement marks a key milestone in strengthening bilateral financial cooperation between the world's largest exporter, China, and Southeast Asia's largest economy, Indonesia.
Zimbabwe wants to issue a sovereign bond to raise $3.5 billion it has agreed to pay as compensation to white farmers, but the economic and political conditions aren't conducive to such an issuance.
Most countries manipulate their currencies – at least a little – but at the moment that's not the real reason they are undervalued relative to the dollar.
Alarm bells should ring over a global currency that is run by an exclusive club that serves its investor-owners, not the public good.
A new 50 cent coin recognises the diversity of Australian Indigenous languages.
The rupiah exchange rate will remain stable at around Rp14,000 per US dollar in the near future. There are at least three key reasons supporting this prediction.
While the euro's survival for two decades is evidence of its success, it was born with fundamental problems that have weakened it, leading to near-constant crisis.
Market volatility and value fluctuations are scaring some investors away from Bitcoin – but stablecoins could be one solution.
Ongoing volatility is causing intense debate about how to manage relations between the two powerful nation, which is only likely to become more challenging.
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won't work.
US sanctions announced earlier this month may have triggered the plunge in the lira, but the government has been mismanaging Turkey's economy for years, creating severe vulnerabilities.
It is contagious populist ideology more than financial contagion that should scare us right now.
Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here's why you should resist the strong temptation to do so.
It should not come as a surprise if the rupiah touches the Rp15,000 level by the end of the year.
When the penny was introduced in 1971, a pint of milk cost 5p. You can't buy anything with pennies anymore.
This episode is all about bitcoin. Will it be the currency of the future? Who’s trying to capitalise on the legal loopholes of cryptocurrencies? And is it possible to make mining them more green.
The treasury secretary said a weak dollar would be 'good' for the U.S. Here's why he's wrong.
National cryptocurrencies could make payments faster and prevent crime, but they come with their own risks.